Comparing the current results to its competitors, Magellan Midstream Partners L P reported Revenue increase in the 2 quarter 2023 by 11.24 % year on year, while most of its competitors have experienced contraction in revenues by -34.95 %, achieved in the same quarter.
Magellan Midstream Partners L p Net Income in the 2 quarter 2023 fell year on year by -32.55%, while most of its competitors have experienced a contraction in net income by -58.64 %.
Company's competitiveness improved within Overall company, with revenue growth of 11.24 % and its market share increased to approx. 16.44 %. << More on MMP Market Share.
*Market share is calculated based on total revenue.
Publicly Traded Peers of Magellan Midstream Partners L p
Blue Dolphin Energy Co Share Performance
+135.00%
30 Days
Blue Dolphin Energy Co
Profile
Blue Dolphin Energy Company is a natural gas energy company that operates, acquires, and develops assets for the production and transportation of natural gas, primarily in the Gulf of Mexico. The company focuses on maximizing its resources and infrastructure to efficiently extract and deliver natural gas to the market while achieving profitable growth.
Crossamerica Partners LP operates as a wholesale distributor of motor fuel and owns and leases convenience stores. The company sources fuel from various suppliers and sells it to independently operated dealer stations under long-term supply contracts. Additionally, Crossamerica Partners LP provides various services to its dealers, such as marketing support, maintenance, and capital investments.
Everflow Eastern Partners LP operates as a private equity firm, investing in and acquiring companies mainly in the energy sector. Their business model involves identifying potential targets, acquiring them, and then implementing operational improvements to enhance their value before eventually selling them for profit.
Global Partners LP is a fuel distributor and convenience store operator that operates mainly in the northeastern United States. They have built a vertically integrated supply chain to procure, market, and distribute various petroleum products, including gasoline, diesel fuel, heating oil, and kerosene.
Hess Midstream LP operates as a midstream energy company, primarily focusing on the gathering, processing, and transportation of natural gas and crude oil. The company's business model revolves around establishing long-term contracts with exploration and production companies, allowing it to secure steady cash flow by providing essential midstream services. Hess Midstream LP also maintains a strategy of expanding its infrastructure to support increased production and optimizing the value chain of its assets.
Sources:
Magellan Midstream Partners L p’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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